Ally Bank

How Ally Bank attracts millennials

08/08/17

At a time when many banks struggle to win over millennials, Ally Bank appears to be bringing them in: more than 60% of new customers are millennials. President Diane Morais explains how the bank is getting the attention of a younger generation. One popular product: debit controls.

[more]

Higher yields on car loans drive revenue growth at Ally Financial

07/27/17

The Detroit company is capitalizing on other banks' retreat from the auto sector.

[more]

Steep drop in used-car prices hit Ally Financial in 1Q

04/27/17

The weakening car-loan market poses a big challenge for the Detroit-based lender, but it also could also present an opportunity, since other big banks are sharply reducing their exposure.

[more]

Online banks compound pressure on rivals to raise deposit rates

02/02/17

Traditional banks may need to think twice about putting off higher rates on CDs and other deposit products. That’s because freer-spending online banks are adding deposits faster than they are, and more Fed rate hikes are expected to fuel that trend.

[more]

Ally’s profits slump as it pursues new products, customers

01/31/17

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.

[more]